The Carroll Community School District has prepared a budget for the upcoming fiscal year that will keep residents’ tax bills for the school district almost steady.
A school property tax rate of 9.5713 per $1,000 of taxable valuation is proposed in the budget, up from 9.5449 from the current fiscal year. That’s an increase of less than 3 cents per $1,000 of taxable valuation, or an increase of about .3 percent.
Here’s how that breaks down: The owner of a $150,000 house, considered a median value in Carroll, would pay $809.87, a $21.35 increase. That increase also takes into account higher property valuations for the next fiscal year. Because the formulas determining what percentage of a business property is taxed are not changing next year, the owner of a $1 million business property would pay $8,614.17, a $23.76 increase.
A public hearing regarding the budget is planned for noon on April 8. The meeting will be accessible via Zoom. Information about school board meetings and agendas, which include the Zoom link, are available at www.carroll.k12.ia.us/district/board-of-education.
Little is changing between this year’s and next year’s budgets, allowing the rate to remain almost the same, Carroll Community School District Superintendent Casey Berlau said during Monday’s school board meeting.
Some of the changes in next year’s budget include salary increases based on raises as well as salaries for a few new teacher positions being added; a decrease in next year’s management fund levy because of the healthy balance the fund currently contains; and an increase in the school’s expenditures because stimulus money for schools is funneled through those funds.
“We’ve got pretty good-looking projections going forward with this budget,” Berlau said. “We’re fortunate to be where we’re at. There’s a lot of positives in terms of this budget.”